The Ethereum Foundation (EF) shared in a post on X on Tuesday that it plans to sell 10,000 ETH via centralized exchanges over the next several weeks to support work towards research & developments, ecosystem grants, and related donations.

According , the ETH will amount to roughly $43 million at Tuesday’s prices.

“Conversions will take place over multiple smaller orders, rather than as a single large transaction,” the EF .

The news follows , shared earlier in June, that caps annual operational spending (opex) at 15%, establishes a multi-year reserve buffer and sets a gradual pace toward even leaner spending long-term.

The Foundation in July, making it the first publicly traded company to buy ETH from a key firm in the network’s ecosystem.

Tuesday’s announcement comes as ETH price has skyrocketed, in late August at $4,866.

ETH was trading around $4,330 as of U.S. afternoon hours Tuesday, up about 2% in the past 24 hours.

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